Smart Shopping During the Holidays

December 4th, 2020 by Legacy Wealth Planning

The holiday season is just a short time away, which means the shopping season is about to be in full swing. Shopping for holiday gifts is stressful but also a little fun, especially when you think about the joy you will bring to those who receive them. But in all the rush to get everything […]

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Getting a Jump on January Tax Season

December 2nd, 2020 by Legacy Wealth Planning

From pandemic-related stimulus payments to job losses and furloughs, for many taxpayers, next spring’s tax season may be more complex than usual. With the end of 2020 rapidly approaching, you should take some time to review your tax situation and make any necessary changes that can help you avoid surprises on April 15, 2021. Below are some steps […]

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4 Reasons to Do Your Shopping on Small Business Saturday

November 22nd, 2020 by Legacy Wealth Planning

When Thanksgiving rolls around, the holiday shopping season comes into full swing. While many people prepare their strategy for Black Friday shopping, a lot of them forget about the second shopping holiday that weekend: Small Business Saturday. Small Business Saturday is the day you are supposed to look to your smaller area shops to find […]

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Prepare for Long-Term Care Before the Need

November 17th, 2020 by Legacy Wealth Planning

Long-term care (LTC) keeps you functioning in the face of devastating illnesses, disabilities and prolonged disorders such as Alzheimer’s disease. LTC kicks in when you lose the ability to care for yourself and can no longer do things such as bathe, dress or eat without help. These are three of the six most commonly listed […]

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Charitable Giving: How it Affects You Financially as Well as Personally

November 15th, 2020 by Legacy Wealth Planning

The holiday season is just around the corner and many charitable organizations are in desperate need of donations to help provide the vital services needed in the community. You are most often inundated with a number of charitable requests towards the end of the year, which could be ideal time to take advantage of charitable giving […]

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End of Year (EOY) Deadlines Checklist

November 11th, 2020 by Legacy Wealth Planning

2020 has been one of the most unprecedented years in recent history, but some things—like tax contributions and retirement deadlines—don’t change much, if at all. And with the uncertainty surrounding just about everything, meeting these deadlines and getting tax efficiencies in place now may help the rest of the year run more smoothly. Read on for […]

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End of Year Planning: Set Goals and Reduce Taxes

November 4th, 2020 by Legacy Wealth Planning

By the last third of the calendar year, you’re likely to have a pretty good idea of what your annual income will be and whether any major expenses or big life changes await you. This can allow you to engage in more robust tax planning, creating the first draft of your federal and state income […]

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Political Parties and Stock Markets since 1900

November 2nd, 2020 by Legacy Wealth Planning

Does the party occupying the White House affect the U.S. stock markets and other economic measurements?  How does the party controlling Congress affect markets? While it’s interesting to review history and try to answer those questions, before we draw any conclusions, we should at least acknowledge that “past performance is no guarantee of future results.” […]

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COVID Change How You Think About Spending?

October 2nd, 2020 by Legacy Wealth Planning

The COVID-19 pandemic has reshaped our lives in unprecedented ways, forcing us to stay at home more, adjust our spending habits and even reevaluate our retirement hopes and dreams. But let’s take a moment and examine how COVID has changed our relationship with spending money specifically. And imbedded in our answer lies the often-uncomfortable topic […]

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What to Know About Working With a Financial Professional

October 2nd, 2020 by Legacy Wealth Planning

If you’ve been wondering how to optimize your finances and ensure your money continues to work for you, a financial professional may be able to help. But the thought of turning over your most sensitive financial information to a near-stranger can be an intimidating one. To make this relationship work, you’ll need to place a great […]

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